Home / News / Crops news / Analyst: USDA planting data 'overplayed'

Analyst: USDA planting data 'overplayed'

02/13/2014 @ 12:10pm

US corn planting will total 93.5M acres this year while soybean seeding is pegged at 78M acres, the Department of Agriculture said in its baseline projections report today.

Some traders dismissed the report because it's "way overplayed" and isn't based on a scientific survey, said Arlan Suderman, an analyst at brokerage Water Street Solutions.

USDA will release official planting forecasts during a conference in Washington next week. Soybeans rose 1.1% to $13.38 1/4 a bushel while corn was unchanged at $4.40 a bushel on the Chicago Board of Trade.


(tony.dreibus@wsj.com)
Call us at (212) 416-2181 or john.shipman@dowjones.com
(END) Dow Jones Newswires
February 13, 2014 11:46 ET (16:46 GMT)
DJ U.S. Corn, Soybean Planting Estimates 'Overplayed' -- Market Talk->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

Drought Punishes Kansas Wheat Crop By: 04/24/2014 @ 8:51am Drought in Kansas intensified in the week through April 22, according to the U.S. Drought…

CME Ups Soybean Price Limit to $1 By: 04/23/2014 @ 10:15am CME Group Inc. plans to change the way it sets one-day price limits in the trading of corn…

Ukraine's Farmers Miss Benefits of… By: 04/23/2014 @ 10:07am Wheat prices in Ukraine in the local currency, the hryvnia, have hit a historic high due to…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Waiting For the Planting Window